Comment Text:
10-005
COMMENT
CL-02377
From:
Sent:
To:
Subject:
secretary
Wednesday, April 7, 2010 11:16 AM
Metals Hearing
FW: Comments - Position Limits - Precious Metals
From:
Tim Caldwell [mailto:[email protected]]
Sent:
Wednesday, April 07, 2010 10:43 AM
To:
secretary
Subject:
Comments - Position Limits - Precious Metals
Re: Comments
-
Position Limits
-
Precious Metals
Ladies and Gentlemen:
I would like to take this opportunity to comment on the position limits for precious metals. It is clear to
that for years there have been very excessive levels of concentration in COMEX silver futures on the
short side of the market.
I believe that a speculative position limit should be established of from 1000 to 1500 contracts -
maximum!
Also, please be sure that only legitimate hedgers are exempted from those limits. Otherwise, the limits
will not correct the excessive levels of concentration.
Thank you for working on these matters. They are very important.
Respectfully,
Timothy J. Caldwell
RHC Properties, LLC
17541 17th Street
Tustin, CA 92780
714/508-1777
714/508-1778 Fax
tim 153 @rhc77. com
